So what is going on with my EFT?

[TheGeneral+]

When we send money from our bank to Neteller via a standard EFT, we are told it is pending for 3-4 days. What exactly is going on during this time our money is pending?

Thanks

 

[betmonkey]

From what I've been told the money goes to a "middle man" and then it goes to Neteller. They have a name for this middle man but I've forgotten what it's called...clearing house... holding house?????

ahh crap I can't remember

 

[KeithRichard]

The bank throws a big party with YOUR money.

 

[TheGeneral+]

Keith, Someone needs to enjoy it before I give it to the bookies

 

[1cheater]

I would think it's just like a check being cleared General..

 

[gambler1]

General it seems the transfers from your Neteller account to your bank are alot quicker, if i do it early in the morning on a business day M/Th it's there the next day. FYI

 

[silver7]

Funny you should bring this up. I just asked my bank the same thing yesterday. I got some circuitous answer that made NO sense whatsoever! So I gave up and am assuming it floats around out there in the great void known as "cyber space"!

 

[marc]

General,

I could be wrong, but I think the difference is that your bank will post the funds in your account before the check technically clears. WHile neteller waits until the check has technically cleared before making the funds available to you. In fairness to neteller, I recently sent an EFT to citibank to pay off one of my credit cards. And even though I saw the money leave my checking account I had to wait about 3 more business days before citibank would acknowledge that the funds cleared, and free up the credit on the card.

 

[bolivar]

Anyone who handles y our money will hold it overnight in order to count it as cash 0n hand Their way ofmaking money on your money.

 

[Fishhead]

I NEVER deposit to Neteller, only withdrawl.

The only way I fund Neteller is through a sportsbook.

 

[TheGeneral+]

Any particular reason for that Fishhead?

 

[Woody0]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by The General:
Any particular reason for that Fishhead?<HR></BLOCKQUOTE>

Yup, he's always a big winner and needs to get some money for living expenses.

 

[Fishhead]

I only deposit via W.U. and then work strictly through Neteller from there for every transaction.

Through having enough funds offshore and avoiding any significant downsides wagering, I very very rarely ever have to make a deposit.

Just a withdrawl from one sportsbook to Neteller, and then from Neteller to another book.

Simple